07:53 AM EDT, 08/07/2025 (MT Newswires) -- Maple Leaf Foods ( MLFNF ) on Thursday said it swung to a second-quarter profit.

The company reported earnings of $57.8 million for the three-months ended June 30, compared with a loss of $26.2 million last year. Adjusted earnings per share for the quarter was $0.56, compared with $0.18, a year earlier, beating consensus estimate compiled by FactSet of $0.46 per share.

Sales for the quarter increased to $1.36 billion, compared with $1.26 billion, a year-ago. The results beat a consensus estimate compiled by FactSet of $1.34 billion.

"This performance was fueled by improved profitability in the pork complex and profitable growth in our brand-led consumer packaged goods business, resulting in an Adjusted EBITDA margin of 13.3%, a year-over-year improvement of 210 basis points, and the further strengthening of our balance sheet," said Maple Leaf Foods ( MLFNF ) Chief Executive Curtis Frank.

For full year 2025, the company now expects adjusted EBITDA in the range of $680 million to $700 million, up from its previous outlook of $634 million or greater. It also expects capital expenditures in 2025 to be in the range of $160 million to $180 million, "largely focused on maintenance capital," and adjusted from its previous outlook of $175 million to $200 million "due to timing of projects."

It continues to expect 2025 revenue growth in the mid-single-digit range.

Its board also approved a quarterly dividend of $0.24 per share, unchanged from the prior quarter, payable on September 29, to shareholders of record at the close of business on September 5.

Shares of the company closed up 1.3% to $29.46 on Wednesday on the Toronto Stock Exchange.